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53-55 unsustainable level for Re: Mecklai Financial

Jamal Mecklai, CEO, Mecklai Financial Services, says that the rupee is heading downward and the rupee cannot sustain. Jamal says, 53-54-55 is not sustainable level for the rupee. He further says that forward premiums are not rising; on the other hand they are coming down.
Forward premiums in USDINR inching higher: Mecklai

Mecklai Financial has come out with its graph on forward premiums inching higher.

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Forward Premiums

53-55 unsustainable level for Re: Mecklai Financial

Forward premiums in USDINR inching higher: Mecklai